Judge Rules in Martin Marietta-Vulcan Case

May 5, 2012 – Big news just in from Delaware. A judge has blocked Martin Marietta Materials Inc. from making a hostile bid for Vulcan Materials Co., ruling Martin Marietta violated a confidentiality agreement it had with Vulcan.
The Birmingham, Ala.-based company has been resisting Martin Marietta's hostile bid since it was launched on Dec. 12. The initial offer was valued at $4.7 billion. The ruling will basically postpone Martin Marietta's bid for Vulcan until next year, because Vulcan shareholders will be selecting new board members at a meeting on June 1. Martin Marietta had advanced its own candidates. Stay tuned for more!

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Mark S. Kuhar, Editor

Mark S. Kuhar, editor of Rock Products, has covered the aggregates and construction-materials industries for more than 20 years as a business journalist, associate publisher, blogger and digital-media specialist. He is a former winner of the Construction Writers Association’s Robert F. Boger Award for Editorials. Check back often for his posts, opinions and insights on industry developments, and commentary on topics of interest as he travels around the country. He can be reached at 330-722-4081, or mkuhar@mining-media.com.